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Cash and Cash Equivalents (Tables)
12 Months Ended
Dec. 31, 2024
Cash and cash equivalents [abstract]  
Summary of Information about Cash and cash equivalents
   
2024
    US$m
   
2023
    US$m
 
 
 
Cash and cash equivalents
   
Cash at bank
 
1,603
 
1,198
Term deposits
 
2,320
 
542
 
 
Total cash and cash equivalents
 
3,923
 
1,740
 
 
Summary of Group's cash and cash equivalents by currency
Recognition and measurement
Cash and cash equivalents in the consolidated statement of financial position comprise cash at bank and short-term deposits with an original maturity of three months or less. Cash and cash equivalents are stated at face value in the consolidated statement of financial position. There are no cash and cash equivalents (2023: nil) restricted by legal or contractual arrangements.
Foreign exchange risk
The following table summarises the Group’s cash and cash equivalents by currency.
 
   
2024
    US$m
   
2023
    US$m
 
 
 
US dollar
 
3,617
 
1,480
Australian dollar
 
173
 
112
Other
 
133
 
148
 
 
Total cash and cash equivalents
 
3,923
 
1,740